Tencent, Alibaba look like utilities after $1trn drubbing - Moneyweb

Tencent results on Wednesday are expected to show revenue rose by a mere 4.3% in the March quarter, while growth at Alibaba is projected at 7.1%.

For years they were two of the fastest-growing companies worldwide – stock-market darlings worth a combined $1.7 trillion at their peak. Now Tencent and Alibaba Group are struggling to keep up with … [+5459 chars]

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